508 Wright StBreckenridgeMI48615
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Breckenridge at 508 Wright St, Breckenridge, MI, 48615 priced at $299,000 converts $894/mo rent into after a $1,463/mo obligation. Total monthly income equals $894/mo. Return on cash invested prints 6.87% in year one, and rental yield reads 3.59% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 33.44% and total cumulative return in cash sums $33,142. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $894/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Multi Family
Built in 1973
0.83 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Micah Kemler • 43 NORTH REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1932717
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.